Crandall quoted in BDN article on turnaround in forestry market
The Bangor Daily News quoted Mindy Crandall, an assistant professor of forest landscape management and economics at the University of Maine, in an article on changes in the forestry market, including increasing prices and demand. Wood prices have doubled in the past six months, resulting from several factors like a buildup in the demand for new housing after the recession, forest fires that resulted in mill closures, a trade dispute between the United States and Canada, and extreme weather events that caused damage requiring repairs, according to the BDN. Mills are making efforts to meet the increase in demand by increasing production, raising wages and adding jobs. “The price signals are very good. It looks like a [forestry market] rebound. And employment overtime in the sawmill industry is ticking up,” said Crandall.